(A) The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil minus the arithmetic average of the Brent Crude Oil (ICE) futures 1st nearby contract settlement prices, except as set forth in Section (B) below, for each business day that it is determined during the contract month (using non-common pricing). (B) The settlement price of the 1st nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil futures contract when the settlement price of the 2nd nearby Brent Crude Oil Futures contract will be used.

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